Kuala Lumpur, Mar 9 –Bursa Malaysia inched up on Wednesday supported by technology stocks and index-linked stocks after the recent rout. The CI which is now traded at 13xPE (at the discount of 30%) thus it remains attractive to foreign funds. Equity markets in Singapore and Australia jumped more than 1% each. In contrast, Shanghai and HK extended losses as new coronavirus cases soured the investment sentiment. While crude prices remained high, investors looked for further cues on how the conflict would turn out after the United States’ ban on Russian oil and other energy imports.
** Bursa Malaysia ended higher on Wednesday, the FTSE BM KLCI up 15.46 or 1.00% at 1,562.33 .
** The FTSE BM KLCI opened at 1,550.32. The index fluctuated between 1,543.91 – 1,568.00.
** 799 counters are gainers, 344 counters are unchanged, while 272 counters are losers.
** Total volume of 3,509,388,200 recorded; while Turnover of RM 3,512,897,460 .
** The Top 5 Gainers : MPI (29.88, +2.78) ; HEIM (21.70, +0.94) ; VITROX (6.46, +0.56) ; KOBAY (3.19, +0.55) ; SOP (6.30, +0.47)
** The Top 5 Losers : FANG-2XL (9.50, -1.76) ; NESTLE (133.90, -1.30) ; KESM (8.60, -0.50) ; PMBTECH-WA (15.40, -0.24) ; PPB (17.18, -0.22)
** The Top 5 Most Active Stocks : SMTRACK (0.085, -0.02) ; DNEX (1.05, +0.115) ; DATAPRP (0.365, +0.10) ; VINVEST (0.255, +0.01) ; HIBISCS (1.34, +0.03)
** Singapore’s Straits Times Index (STI) rose 50.63 points or +1.61% to 3,199.49 ; Hong Kong’s HSI Index shed 138.16 points or -0.67% at 20,627.71; Japan’s Nikkei 225 declined 73.42 or -0.30% at 24,717.53; Shanghai Stock Exchange dropped 37.14 points or -1.13% at 3,256.39; Australia’s All Ordinaries rose 78.90 points or +1.09% to 7,331.80
